Nonfarm jobs (“total nonfarm payroll employment”) rose by 148,000 in September, and the unemployment rate was 7.2 percent, according to the delayed report from the Bureau of Labor Statistics.
Gary Burtles, when asked if he expected October’s employment numbers to be about the same, told Bloomberg TV: “I expect them to be worse.” Watch the interview below:
Earlier, Gary Burtless wrotes that “job growth over the past four months [has] been close to the average pace of gain over the economic recovery” but the October employment numbers should reduce this number.
Justin Wolfers said that “These aren’t the sort of employment numbers that would make me feel confident that it’s OK to shut down the government and raise default fears.”
George Perry has said that “we’re growing well below our economic potential.”
Here’s more of what they are saying:
America was once the home of “employment miracle.” Now? Not so much (w/ some excellent charts proving it). http://t.co/yxnSTKmaRu
— Gary Burtless (@GBurtless) October 22, 2013
Through September the job market recovery plodded on: Slow but steady gains. October news should be less rosy. http://t.co/R328gzOTIU
— Gary Burtless (@GBurtless) October 22, 2013
CHART: Federal government employment. Contrast current political rhetoric with actual facts. pic.twitter.com/7VMPPG0GKQ
— Justin Wolfers (@JustinWolfers) October 22, 2013
— Justin Wolfers (@JustinWolfers) October 22, 2013
Y’know the meme that Obamacare has led to part-time jobs? Over the past year, we’ve created 1640k full-time jobs & lost 287k part-time jobs
— Justin Wolfers (@JustinWolfers) October 22, 2013
Commentary
Gary Burtless: Job Numbers to Be Worse in October
October 23, 2013